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| Harlan Lunsford wrote: - quote - > CBres77376 wrote:
Are they lawyers?> > I have a couple of professionals.First he owned the business > > then he married her in the same profession .She worked for > > other people as an outside contractor then they switched he > > worked for the other people while he decided wether to open > > another office and she ran the office with the business put > > in her name.Now for 2003 they are both running the same > > office with no outside contracting,who knows what they'll do > > in 2004.To me this is a partnership and should be filed as > > one.Anyone have a different take on situation? > Which name or names is/are on the business license(s)? > If any license has both, then it's a partnership. OR, ask > the question, "do they hold themselves out to the public as > a partnership"? > (Remember business law 101) -- Frederick E. Jorden http://Tax-Accounting-Payroll.com 7825 Midlothian Tpk - 207 Richmond, VA 23235-5247 EMAIL knowtax[at]bigfoot.com (804) 320-6210 FAX (804) 320-6211 << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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| CBres77376 wrote: - quote - > I have a couple of professionals.First he owned the business
Which name or names is/are on the business license(s)?> then he married her in the same profession .She worked for > other people as an outside contractor then they switched he > worked for the other people while he decided wether to open > another office and she ran the office with the business put > in her name.Now for 2003 they are both running the same > office with no outside contracting,who knows what they'll do > in 2004.To me this is a partnership and should be filed as > one.Anyone have a different take on situation? If any license has both, then it's a partnership. OR, ask the question, "do they hold themselves out to the public as a partnership"? (Remember business law 101) Cheer$$, Harlan Lunsford, EA n LA << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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| I have a couple of professionals.First he owned the business then he married her in the same profession .She worked for other people as an outside contractor then they switched he worked for the other people while he decided wether to open another office and she ran the office with the business put in her name.Now for 2003 they are both running the same office with no outside contracting,who knows what they'll do in 2004.To me this is a partnership and should be filed as one.Anyone have a different take on situation? << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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| partnershiphusband, wife |
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